Question 1

Smaller class size increases student achievement.
119.Higher teacher salaries do not change student achievement.

Accepted Answer

A) True 
 B)False  True

Question 2

Increasing teachers' salaries does not affect student achievement.

Accepted Answer

A) True 
 B)False  False

Question 3

If the earnings expected from a college education increase,it will lead to an increase in

Accepted Answer

A) The demand for K-12 education 
B) The supply of K-12 education 
C) The cost of education 
D) The teacher salaries 
E) All of the above 
A) The demand for K-12 education 
B) The supply of K-12 education 
C) The cost of education 
D) The teacher salaries 
E) All of the above A

Question 4

Where did U.S.eighth grade students rank internationally in terms of average science scores in 2007?

Accepted Answer

A) At the top 
B) Second 
C) In the middle 
D) In the bottom half 
E) At bottom 
A) At the top 
B) Second 
C) In the middle 
D) In the bottom half 
E) At bottom

Question 5

What is the relationship between school funding and student achievement?

Accepted Answer

A) Positive 
B) Negative 
C) Mixed 
D) Unrelated 
E) Inverse 
A) Positive 
B) Negative 
C) Mixed 
D) Unrelated 
E) Inverse

Question 6

Lower tuition rates lead to less education.

Accepted Answer

A) True 
 B)False

Question 7

The existence of spillover benefits results in an equilibrium quantity in the market that is socially optimal.

Accepted Answer

A) Higher than 
B) Lower than 
C) Equal to 
D) Better than 
E) More expansive than 
A) Higher than 
B) Lower than 
C) Equal to 
D) Better than 
E) More expansive than

Question 8

American high school graduates outperform all other countries on math and science exams.

Accepted Answer

A) True 
 B)False

Question 9

The Following Questions Refer to the graph below.  
-A tuition subsidy of $6,000 would lead to

Accepted Answer

A) The socially optimal quantity of education 
B) Greater than the socially optimal quantity of education 
C) Less than the socially optimal quantity of education 
D) More public education 
E) A budget surplus 
A) The socially optimal quantity of education 
B) Greater than the socially optimal quantity of education 
C) Less than the socially optimal quantity of education 
D) More public education 
E) A budget surplus

Question 10

A significant positive externality of education would support the argument against public education.

Accepted Answer

A) True 
 B)False

Question 11

What happens to the marginal benefit of education as a child gets more schooling? It will

Accepted Answer

A) Increase 
B) Decrease 
C) Stay the same 
D) Become infinite 
E) Become negative 
A) Increase 
B) Decrease 
C) Stay the same 
D) Become infinite 
E) Become negative

Question 12

If government wishes to increase the quantity of higher education consumed,what can be done to accomplish this?

Accepted Answer

A) Charge tuition that is below the full costs of providing the educational services 
B) Operate public colleges 
C) Provide reduced tuition to students 
D) Any of the above alternatives would increase the consumption of education 
E) The government should not attempt to increase education,since it is a private good 
A) Charge tuition that is below the full costs of providing the educational services 
B) Operate public colleges 
C) Provide reduced tuition to students 
D) Any of the above alternatives would increase the consumption of education 
E) The government should not attempt to increase education,since it is a private good

Question 13

Everyone agrees that education provides significant positive spillover benefits.

Accepted Answer

A) True 
 B)False

Question 14

According to the Census Bureau,high school graduates can expect to earn how much during their working years?

Accepted Answer

A) $45,000 
B) $1.2 m 
C) $2.1 m 
D) $2.5 m 
E) $4.4 m 
A) $45,000 
B) $1.2 m 
C) $2.1 m 
D) $2.5 m 
E) $4.4 m

Question 15

Economists agree that voucher programs improve K-12 education.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following is a benefit of increased education?

Accepted Answer

A) Improved literacy 
B) Increased earnings 
C) Improved health 
D) Greater satisfaction 
E) All of the above 
A) Improved literacy 
B) Increased earnings 
C) Improved health 
D) Greater satisfaction 
E) All of the above

Question 17

The Following Questions Refer to the graph below.  
-The socially optimal level of education

Accepted Answer

A) Is 0 years 
B) Is 1 year 
C) Is E1 years 
D) Is E* years. 
E) Cannot be determined from the diagram. 
A) Is 0 years 
B) Is 1 year 
C) Is E1 years 
D) Is E* years. 
E) Cannot be determined from the diagram.

Question 18

The achievement of low-income students improves more with smaller class sizes,relative to higher income students.

Accepted Answer

A) True 
 B)False

Question 19

With positive externalities in consumption,the market equilibrium quantity will be

Accepted Answer

A) Greater than socially optimal 
B) Less than socially optimal 
C) Equal to the socially optimal level 
D) Higher than otherwise 
E) None of the above 
A) Greater than socially optimal 
B) Less than socially optimal 
C) Equal to the socially optimal level 
D) Higher than otherwise 
E) None of the above

Question 20

Markets ration education based on a price/quality trade-off.
110.Public schools ration education based on a price/quality tradeoff.

Accepted Answer

A) True 
 B)False

Smaller class size increases student achievement. 119.Higher teacher salaries do not change student achievement.

Increasing teachers' salaries does not affect student achievement.

If the earnings expected from a college education increase,it will lead to an increase in

Where did U.S.eighth grade students rank internationally in terms of average science scores in 2007?

What is the relationship between school funding and student achievement?

Lower tuition rates lead to less education.

The existence of spillover benefits results in an equilibrium quantity in the market that is socially optimal.

American high school graduates outperform all other countries on math and science exams.

The Following Questions Refer to the graph below. -A tuition subsidy of $6,000 would lead to

A significant positive externality of education would support the argument against public education.

What happens to the marginal benefit of education as a child gets more schooling? It will

If government wishes to increase the quantity of higher education consumed,what can be done to accomplish this?

Everyone agrees that education provides significant positive spillover benefits.

According to the Census Bureau,high school graduates can expect to earn how much during their working years?

Economists agree that voucher programs improve K-12 education.

Which of the following is a benefit of increased education?

The Following Questions Refer to the graph below. -The socially optimal level of education

The achievement of low-income students improves more with smaller class sizes,relative to higher income students.

With positive externalities in consumption,the market equilibrium quantity will be

Markets ration education based on a price/quality trade-off. 110.Public schools ration education based on a price/quality tradeoff.

Alleviating Human Misery: The Role of Economic Reasoning

Economic Systems, Resource Allocation, and Social Well-Being: Lessons From Chinas Transition

Government Control of Prices in Mixed Systems: Who Are the Winners and Losers

Pollution Problems: Must We Foul Our Own Nests

Economics of Crime and Its Prevention: How Much Is Too Much

Poverty Problems and Discrimination: Why Are so Many Still so Poor

The Economics of Monopoly Power: Can Markets Be Controlled

The Economics of Professional Sports: What Is the Real Score

Competition in the Global Market-Place: Should We Protect Ourselves From International Trade

Economic Growth: Why Is the Economic Road so Bumpy

Money,Banking and the Financial System: Old Problems With New Twists

Unemployment and Inflation: Can We Find a Balance

Government Spending,Taxation,and the National Debt: Who Wins and Who Loses

Social Security and Medicare: How Secure Is Our Safety Net for the Elderly

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Exam 6: The Economics of Education: Crisis and Reform

Smaller class size increases student achievement. 119.Higher teacher salaries do not change student achievement.

Increasing teachers' salaries does not affect student achievement.

If the earnings expected from a college education increase,it will lead to an increase in

Where did U.S.eighth grade students rank internationally in terms of average science scores in 2007?

What is the relationship between school funding and student achievement?

Lower tuition rates lead to less education.

The existence of spillover benefits results in an equilibrium quantity in the market that is socially optimal.

American high school graduates outperform all other countries on math and science exams.

The Following Questions Refer to the graph below. -A tuition subsidy of $6,000 would lead to

A significant positive externality of education would support the argument against public education.

What happens to the marginal benefit of education as a child gets more schooling? It will

If government wishes to increase the quantity of higher education consumed,what can be done to accomplish this?

Everyone agrees that education provides significant positive spillover benefits.

According to the Census Bureau,high school graduates can expect to earn how much during their working years?

Economists agree that voucher programs improve K-12 education.

Which of the following is a benefit of increased education?

The Following Questions Refer to the graph below. -The socially optimal level of education

The achievement of low-income students improves more with smaller class sizes,relative to higher income students.

With positive externalities in consumption,the market equilibrium quantity will be

Markets ration education based on a price/quality trade-off. 110.Public schools ration education based on a price/quality tradeoff.

Alleviating Human Misery: The Role of Economic Reasoning

Economic Systems, Resource Allocation, and Social Well-Being: Lessons From Chinas Transition

Government Control of Prices in Mixed Systems: Who Are the Winners and Losers

Pollution Problems: Must We Foul Our Own Nests

Economics of Crime and Its Prevention: How Much Is Too Much

Poverty Problems and Discrimination: Why Are so Many Still so Poor

The Economics of Monopoly Power: Can Markets Be Controlled

The Economics of Professional Sports: What Is the Real Score

Competition in the Global Market-Place: Should We Protect Ourselves From International Trade

Economic Growth: Why Is the Economic Road so Bumpy

Money,Banking and the Financial System: Old Problems With New Twists

Unemployment and Inflation: Can We Find a Balance

Government Spending,Taxation,and the National Debt: Who Wins and Who Loses

Social Security and Medicare: How Secure Is Our Safety Net for the Elderly

Filters